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The disadvantage of a fixed price contract is work can be incomplete or sloppy if they fall behind. When a vendor is working on a fixed price contract, they do their best to keep their cost down. The more they save themselves, the more they profit. In efforts to keep their profit margins high, they could reduce the quality of their work.
What else can I help you with?
Disadvantages of social constructionism?
disadvantages of social construction?
What is a construction contract?
A construction contract can be explained as the warranty that ensures that the executed job gets the specific amount of compensation or the way compensation will be distributed. Moreover, a construction contract is negotiated specifically for the construction of an asset or a group of interrelated assets.
What are the components of construction contract software?
Construction contract software is often multifaceted and includes sections for both the business and payment aspect of the construction contract as well as the plans and human resources aspect.
What are the advantageas and disadvantages of hiring and purchsing of mechanical plants in construction industries?
advantages and disadvantages of using mechanical plants in construction
Im looking for a solid construction contract template.Any contractors out there can give ne advice.?
Hello, you can find construction templates at: www.docstoc.com/search/Construction-Contract-Template/
How does a company draw up a construction management contract?
A construction management contract is drawn up in line with CDM regulations. The contract outlines the specific duties for all parties involved from the very start of a construction project with a focus on Health and Safety.
What are the Disadvantages of a construction Fixed Price Contract?
The disadvantage of a fixed price contract is work can be incomplete or sloppy if they fall behind. When a vendor is working on a fixed price contract, they do their best to keep their cost down. The more they save themselves, the more they profit. In efforts to keep their profit margins high, they could reduce the quality of their work.
What are the disadvantages of flat roof construction?
Flat roof construction has many disadvantages. However the main disadvantage is that there is nowhere for rainfall water to flow. It will settle on the roof causing dampness.
Can you back out of a construction contract?
Yes but..... You will ruin your rep....
What are the advantages and disadvantages of bulldozer?
bulldozer can used in the construction site
What are the advantages and disadvantages of lift up construction?
i dont knw
How do you get out of a signed contract to buy a house?
You can get out of the contract, but you will forfeit your deposit. If you are in the midst of construction, that may be a different matter.
